Taxpayers while preparing their federal income tax return, should seek for every possible deduction to decrease the amount of tax they owe…

Tax filers have the choice to file their tax return after claiming the standard deductions or itemizing their deductions. While nearly 87%…

The IRS tax Form 1040 is a standard Form that helps individual taxpayers in the United States file their annual income tax…

The 1040 Form is relatively a concise Form that has just 23 lines and it comes with 6 schedules. The 1040 Form…

The worst nightmare for US taxpayers is figuring out which form to use to file their returns. The taxpayers who are required…

The Internal Revenue Service has announced that the taxpayers can now amend many IRS 1040 Forms, electronically. The Forms coming under this…